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Crypto Minus Confusion
API ID:
polygon-ecosystem-token
Trade Symbol:
Coin or Token:
Max Supply:
Use Case:
Launch Date:
Coin Overview
MATIC
Token
10 Billion
Ethereum scaling
October 2017
Polygon
Polygon is a Layer 2 scaling solution for Ethereum, designed to provide faster and cheaper transactions on the Ethereum blockchain. It achieves this by utilizing sidechains (multiple transactions are processed on polygon and then batch transferred to Ethereum). The native token, MATIC, is used for transaction fees and network participation.
A Deeper Dive
Technology & Use Case
Polygon began as a sidechain for Ethereum and has grown into a multi-chain scaling platform. It supports Proof of Stake (PoS) sidechains and advanced solutions like zk-rollups, which bundle transactions before submitting them to Ethereum. This makes Polygon highly flexible, offering developers lower costs and faster speeds while keeping Ethereum’s security.
Origins & Team
Polygon was founded in 2017 as Matic Network by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun in India. The project rebranded to Polygon in 2021 to expand beyond a single sidechain, positioning itself as “Ethereum’s Internet of Blockchains.” Its founders remain active in guiding the ecosystem’s rapid growth.
Ecosystem & Partnerships
Polygon has become home to major DeFi projects (Aave, Uniswap), NFT platforms (OpenSea), and corporate partnerships with brands like Disney, Starbucks, and Reddit. It offers developer grants and tools for scaling Web3 apps. MATIC is central to this ecosystem, fueling payments, staking, and governance across Polygon’s growing family of solutions.
A Deeper Dive
Popular Exchanges
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